ICE6S - In-Class Exercise#6S ACCT 23020 1. What inventory...

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Unformatted text preview: In-Class Exercise#6S ACCT 23020 1. What inventory costing method did Pier 1 Imports use during the year ended 12/31/06? 2. What is the inventory turnover ratio for Pier 1 for 2006? (COGS/Average Inventory) 3a. What was Pier 1’s Gross Profit % for 2005 and 2006? 3b. How can Pier 1 improve their GP%? ...
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